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Doomberg: "Our Fragile Energy Economy"
The Great Simplification with Nate Hagens
The Importance of Energy in Macro Analysis
Most analysts today grew up in an era of energy abundance where energy was cheap and readily available. However, the post-COVID era has highlighted the critical significance of energy. The analysis now starts with the question of whether there is an abundance or shortage of energy relative to the standard of living. This shift in dynamics post-pandemic has led to a new era where interest rates, labor, and energy are expensive again, emphasizing the pivotal role of energy in macro analysis.
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